Risk Profile
Repositioning an underutilized mall into a Value- Add project with zoning and TOD support, likely lower risk than Opportunistic.
Construction
Post-stabilization, the project will transition to a Core-Plus asset with growth potential driven by limited inventory, site redevelopment, & operational improvements.
Stabilization
Prime BART location offering 20-30% rental premium. Pre-leasing strategy could reduce development risk. Refinancing opportunity based on leasing success and interest rates.
TOD-Driven Returns
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